Economics

Trump Threatens to Hike Tariffs on Chinese Goods

May 06, 2019 at 1:03 AM

President Donald Trump, who a week ago was bullish on a trade deal with China by mid-May, now says he will hike tariffs on $200 billion worth of China on Friday because the talks are moving too slowly.

MEMA Urges Congress to Pass NAFTA Update

May 03, 2019 at 12:16 AM

The Motor & Equipment Manufacturers Assn. urges Congress to ratify the U.S.-Mexico-Canada Agreement without delay for the sake of bolstering the supply industry.

Federal Reserve Leaves Interest Rate Unchanged

May 01, 2019 at 4:51 PM

As expected, the U.S. Federal Reserve voted unanimously today not to change its benchmark interest rate from the current 2.25%-2.5%.

U.S.-China Trade Talks Move to Beijing

April 30, 2019 at 1:24 AM

Top-level trade talks between the U.S. and China began in Beijing today in hopes of reaching an accord by mid-May.

U.S. Fuel Prices at Record High for the Year

April 30, 2019 at 12:16 AM

The average price for a gallon of regular-grade gasoline climbed to $2.88 yesterday, its highest price this year, according to auto insurance giant AAA.

Trump Pushes Japan Again to Make More Cars in U.S.

April 29, 2019 at 12:06 AM

When President Donald Trump met last week with Japan Prime Minister Shinzo Abe, he reiterated his demand that Japanese carmakers produce more cars in the U.S.

U.S. Economy Expands 3.2%

April 26, 2019 at 12:21 PM

America’s gross domestic product grew by an annualized 3.2% in the first quarter of 2019, according to a first estimate by the Dept. of Commerce.

Study: Fuel Price is Main Driver of India Car Sales

April 25, 2019 at 3:10 PM

Fuel prices are the biggest factor in determining sales of new cars and commercial trucks in India, according to the country’s central bank.

Trump Priority: Update NAFTA First, Then Drop Metals Tariffs

April 24, 2019 at 6:21 PM

The White House wants Congress to ratify the updated North American trade deal before considering whether to drop U.S. tariffs on imported steel and aluminum from Canada and Mexico.

Runup in U.S. Fuel Prices Slows

April 22, 2019 at 1:47 PM

Gasoline prices in the U.S. rose only one cent last week, the smallest weekly gain since mid-February, says auto insurer AAA.

Trade Panel Says New NAFTA Will Hurt Sales

April 18, 2019 at 5:34 PM

The Trump administration’s proposed successor to NAFTA will generate more than 28,000 auto-related jobs but cut annual car sales in the U.S. by 140,000 units, according to the U.S. International Trade Commission.

White House Says New NAFTA Will Spur $34 Billion Expansion

April 18, 2019 at 3:23 PM

The Trump administration tells reporters the trade deal it reached last year with Mexico and Canada will create 76,000 U.S. auto jobs and generate $34 billion in new investments in the American auto industry.